XML 85 R72.htm IDEA: XBRL DOCUMENT v3.21.1
Financial instruments and risk management - Jet fuel price risk (Details)
gal in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2020
MXN ($)
gal
$ / gal
Dec. 31, 2019
MXN ($)
gal
$ / gal
Dec. 31, 2018
MXN ($)
Jun. 30, 2019
$ / gal
Jet fuel price risk          
Fair value of derivative financial liabilities   $ (9,657)      
Intrinsic value recycled to the fuel cost   1,271,462      
Loss from derivatives financial instruments recognized in consolidated statements of operations   $ (1,306,557) $ (67,629) $ 455,009  
Jet fuel          
Jet fuel price risk          
Percentage of operating expenses 28.00% 28.00% 38.00% 38.00%  
Intrinsic value recycled to the fuel cost     $ 61,069    
Fuel cost          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 835,884 $ 9,477 $ 9,477  
Finance cost          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 435,578      
Jet fuel Asian call options contracts          
Jet fuel price risk          
Notional volume (in gallons) | gal   23,967 13,492    
Fair value of derivative financial assets   $ 206 $ 0    
Cost of hedging recognized in other comprehensive income   21,650 $ (133,567) 134,096  
Jet fuel Asian call options contracts | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 33,627   $ 402,493  
Jet fuel Asian call options contracts | Within one year          
Jet fuel price risk          
Notional volume (in gallons) | gal   7,280      
Strike price agreed rate | $ / gal   1.90      
Approximate percentage of hedge (of expected consumption value)   3.00%      
Jet fuel Asian call options contracts | Within six months          
Jet fuel price risk          
Notional volume (in gallons) | gal   7,280      
Strike price agreed rate | $ / gal   1.90      
Approximate percentage of hedge (of expected consumption value)   6.00%      
Jet fuel Asian call options contracts | Fuel cost | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 20,646      
Jet fuel Asian call options contracts | Finance cost | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 12,981      
Jet fuel Zero-Cost collars          
Jet fuel price risk          
Notional volume (in gallons) | gal   81,646 70,136    
Fair value of derivative financial assets     $ 133,567    
Fair value of derivative financial liabilities   $ (9,657)      
Upward/downward movement in the spot price of the US Gulf Coast Jet 54 5.00% 5.00%      
Effect of upward movement in spot price on accumulated other comprehensive income $ 160.00        
Effect of downward movement in spot price on accumulated other comprehensive income $ (160.00)        
Unwind of Zero cost collar   $ 42,644      
Jet fuel Zero-Cost collars | Within one year          
Jet fuel price risk          
Notional volume (in gallons) | gal   7,556 56,644    
Approximate percentage of hedge (of expected consumption value)   3.00% 20.00%    
Jet fuel Zero-Cost collars | Within one year | Jet fuel | Minimum          
Jet fuel price risk          
Strike price agreed rate | $ / gal   1.23 1.6400    
Jet fuel Zero-Cost collars | Within one year | Jet fuel | Maximum          
Jet fuel price risk          
Strike price agreed rate | $ / gal   1.93 1.8200    
Jet fuel Zero-Cost collars | Within six months          
Jet fuel price risk          
Notional volume (in gallons) | gal   7,556 34,480    
Approximate percentage of hedge (of expected consumption value)   6.00% 25.00%    
Jet fuel Zero-Cost collars | Within six months | Jet fuel | Minimum          
Jet fuel price risk          
Strike price agreed rate | $ / gal   1.23 1.6300    
Jet fuel Zero-Cost collars | Within six months | Jet fuel | Maximum          
Jet fuel price risk          
Strike price agreed rate | $ / gal   1.93     1.8200
Jet fuel Zero-Cost collars | Between six months and one year          
Jet fuel price risk          
Notional volume (in gallons) | gal     22,164    
Approximate percentage of hedge (of expected consumption value)     15.00%    
Jet fuel Zero-Cost collars | Between six months and one year | Jet fuel | Minimum          
Jet fuel price risk          
Strike price agreed rate | $ / gal     1.6500    
Jet fuel Zero-Cost collars | Between six months and one year | Jet fuel | Maximum          
Jet fuel price risk          
Strike price agreed rate | $ / gal     1.8100    
All-in | Within one year          
Jet fuel price risk          
Approximate percentage of hedge (of expected consumption value)   6.00% 20.00%    
All-in | Within six months          
Jet fuel price risk          
Approximate percentage of hedge (of expected consumption value)   12.00% 25.00%    
All-in | Between six months and one year          
Jet fuel price risk          
Approximate percentage of hedge (of expected consumption value)     15.00%